Open offer excess shares5 Aug 2022 15:01
Anyone got any strong thoughts on how many EXCESS shares will be awarded? It's good that existing holders from July (22nd was it?) get a nice incentive to increase their holdings for a great price, but surely many will have requested HUGE amounts of new shares at the offer price. What is the thinking re the amount of scaling back etc, put a high ball request in just to get less? Any idea how many will be issued? Hard to know how to play it....
Also, OO won't be sorted until the 12th? Do we really think the BIG RNS has to come before then? Surely makes sense to drop it afterwards as the excess requested will be HUGE if this spikes up considerably AGAIN. Thx for any considered views....